1603 E Oltorf Blvd | Austin, TX 78741
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- LoopNet Team
1603 E Oltorf Blvd
Austin, TX 78741
La Quinta Inn by Wyndham Austin Oltorf · Hospitality Property For Sale
·
52,380 SF
INVESTMENT HIGHLIGHTS
- 132-room, two-story, La Quinta Inn and a restaurant that sits on 3 acres of land on a hard corner that is located in a prime location.
- Current below-market lease runs out in November. Restaurant is approximately 5,000 SF. The market rent is estimated to be around $175,000 annually.
- Underperforming Nearby Competitors’ RevPAR by $20-$30 - The property is absentee-owned and operated by an owner located out of state.
- Minutes to Downtown Austin - The hotel is situated close to the Oracle Austin Campus (1.7 miles), Google (2.9 miles), and Meta (2.9 miles).
PROPERTY FACTS
| Property Type | Hospitality | No. Stories | 2 |
| Property Subtype | Hotel | Year Built/Renovated | 1975/2011 |
| Building Class | C | Parking Ratio | 2.31/1,000 SF |
| Lot Size | 2.32 AC | Corridor | Exterior |
| Building Size | 52,380 SF | ||
| Zoning | GR | ||
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 2.32 AC |
| Building Size | 52,380 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1975/2011 |
| Parking Ratio | 2.31/1,000 SF |
| Corridor | Exterior |
| Zoning | GR |
AMENITIES
- Pool
- High Speed Internet Access
- Patio
- Public Access Wifi
- Smoke-Free
PROPERTY TAXES
| Parcel Number | 285901 | Improvements Assessment | $2,471,302 |
| Land Assessment | $2,524,300 | Total Assessment | $4,995,602 |
PROPERTY TAXES
Parcel Number
285901
Land Assessment
$2,524,300
Improvements Assessment
$2,471,302
Total Assessment
$4,995,602
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